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  1. M

    Three Sources of Edge

    Willingness to bare pain and fade moves is not an edge. In fact, it's what 98% of the people on this site do. LOL.
  2. M

    The ACD Method

    USD/CAD....still looking good with weak oil.
  3. M

    Three Sources of Edge

    #2 doesn't exist. LOL.
  4. M

    Three Sources of Edge

    I would edit these. 1) Liquidity or order flow (market maker). Important to make this distinction as you need to have priority to capture bid/offer spreads. Arbitrage also falls in this category as it's a function of being able to capture bid/offer spreads. You usually can't get an arb by...
  5. M

    Finland considers a universal basic income for all citizens

    I know it's not perfect and there is abuse in the system and quite frankly, most of these people who are trying to cheat the system will be rewarded with a lifetime of poverty. We can't save everyone and we have to accept the fact that most these people will choose to stay in poverty and work...
  6. M

    Finland considers a universal basic income for all citizens

    Several did. But you might be surprised how many didn't and who they were: http://truecostblog.com/2009/08/09/countries-with-universal-healthcare-by-date/
  7. M

    Finland considers a universal basic income for all citizens

    I could give two shits about wealth distribution. I care about long term costs. THAT is where the real distribution occurs. Yes, the Finnish model is much more efficient and by efficient I mean the long term costs to society will be far less and in fact, there will be less wealth...
  8. M

    Finland considers a universal basic income for all citizens

    No, the admin costs are tremendous. It's a technology device and like all technology it has to work or it's rendered useless. Giving out 330 million cards would be a nightmare. Look at how difficult it was to get the healthcare.gov website working properly. What did that cost...100...
  9. M

    Finland considers a universal basic income for all citizens

    Uh, there wouldn't. I don't think you understand. Let me walk you through this. Food stamps are delivered by what is known as an EBT card. It's like a credit card. You go to the cash register, you give the cashier your EBT card and they deduct from the balance on the card. You can...
  10. M

    Finland considers a universal basic income for all citizens

    Yes, but those food stamps have to be used on food. If it were simply cash they could spend it at Best Buy.
  11. M

    Finland considers a universal basic income for all citizens

    Of course this will never happen. That was the point I was making. While in "theory" this method might appear efficient and save money, in the real world, we get hit twice. This is in fact what really happens in gov't. We come up with a subsidy or benefit for a particular group to...
  12. M

    Where would I find federal rate before 1950?

    Come on man, there are so many papers written on this...take your pick: http://www.frbsf.org/economic-research/publications/economic-letter/1999/march/monetary-policy-and-the-great-crash-of-1929-a-bursting-bubble-or-collapsing-fundamentals/ "Motivated by a concern about speculation in the...
  13. M

    The ACD Method

    http://www.cnbc.com/2015/11/06/kyle-bass-is-not-short-chinese-banks-but.html
  14. M

    The ACD Method

    http://www.cnbc.com/2015/11/06/
  15. M

    The ACD Method

    http://fortune.com/2015/10/27/kyle-bass-china-banks/
  16. M

    Finland considers a universal basic income for all citizens

    Guys, we already have this in the US times 100. I do agree to simplify this whole mess we just eliminate ALL benefits and give people an annual check. The dems in this country would NEVER support this because the idea of partialing out the benefits is what begets votes. Black people get...
  17. M

    Heading to Chicago this weekend. Let's meet up.

    Energy capital of the world. I used to live in FL many many years ago. I'm sure it's changed a lot since then. Have a good New Year Surf!
  18. M

    The ACD Method

    Yes, I already have this. Yes, this is meaningful. Years ago a buddy of mine did the work on TS that did all sorts of combinations of this output. More recently, a few fellas on this very thread did a version of this for me. There are endless ways you can use this information. But...
  19. M

    2030 college costs to average 440K

    The cost of college in 10 years will be zero. In fact, it's already zero. You can replicate a degree for free through MOOCs currently. It's just not "socially acceptable" yet. Meaning there is still some stigma that the online education is not a "real" education which I completely...
  20. M

    Heading to Chicago this weekend. Let's meet up.

    How did this event go? Any ET'ers come out of their caves? I would have loved to make it but no longer live in Chicago. I hope Nitro made it out.
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